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Topic: Economic theory

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  Capitalism: A Treatise on Economics
Economic inequality is unjust and the legitimate basis for class warfare.
Economic progress is a ravaging of the planet and, in the form of improvements in efficiency, a cause of unemployment and depressions.
Following an exhaustive economic analysis of virtually every aspect of capitalism, the book's concluding chapter is devoted to the presentation of a long-range political-economic program for the achievement of a fully capitalist society.
www.capitalism.net   (1954 words)

  Mutualism (economic theory) - Wikipedia, the free encyclopedia
economic theory or system based on the labor theory of value which states that equal amounts of labor should receive equal pay.
The labor theory of value holds that the actual price of a thing (or the "true cost") is the amount of labor that was undertaken to produce it.
This is similar to economic models based on worker cooperatives today, such as the Mondragón Cooperative Corporation in Spain and NoBAWC in San Francisco.
en.wikipedia.org /wiki/Mutualism_(economic_theory)   (1994 words)

 MIT Economics - Economic Theory   (Site not responding. Last check: 2007-11-02)
All economic research, whether abstract or applied, and all economic policy advice is rooted in economic theory.
MIT's commitment to economic theory is strong, and it is facilitated by a close collaboration between faculty members and students developing new theoretical insights, those performing empirical research, and those who are interested in framing public policy.
Many members of the MIT Economics Department faculty teach courses in economic theory, either as part of the core curriculum for graduate students, as graduate electives, or at the undergraduate level.
econ-www.mit.edu /about/theory.htm   (1165 words)

 Oskar Lange: Marxian economics and Modern Economic Theory
Economic theory as developed by the Austrian, Marshallian and Lausanne schools is essentially a static theory of economic equilibrium analyzing the economic process under a system of constant data and the mechanism by which prices and quantities produced adjust themselves to changes in these data..
The Marxian theory of economic evolution is based on the contention that it is possible, in certain circumstances, to deduce the necessity for, and also the direction of a certain change of economic data, and that such a change follows, in a particular sense, from the very mechanism of the economic process in capitalist society.
In fact, the adherence to an antiquated form of the theory of economic equilibrium is the cause of the inferiority of Marxian economics in many fields.
www.bu.edu /econ/faculty/kyn/newweb/economic_systems/Theory/Marxism/Contemporary_Economics_and_Marxism/oskar_lange_0n_marxism_lg.htm   (1331 words)

 New Subjectivist Economic Theory andPublic Finance
All developments in economic theory that have their root in the 19th century subjectivist revolution derive from the application of this procedure.
Economic theory is the study of the distinctly human part of action under the conditions specified in the definition of the market economy.
Subjectivist economic theory constructs a model of static equilibrium that is populated by robot consumer-savers, resource-suppliers, and producers.
www.constitution.org /pd/gunning/subjecti/workpape/pub_fin.htm   (7699 words)

 Amazon.fr : Development, Geography, and Economic Theory: Livres en anglais: Paul Krugman   (Site not responding. Last check: 2007-11-02)
He traces how development theory lost its huge initial influence and virtually disappeared from economic discourse after it became clear that many of the theory's main insights could not be clearly modeled.
Economic geography seems to have fared even worse, as economists shied away from grappling with questions about space -- such as the size, location, or even existence of cities -- because the "terrain was seen as unsuitable for the tools at hand." Krugman's book, however, is not a call to abandon economic modeling.
Development, Geography, and Economic Theory is based on the author's substantially revised Ohlin Lectures given at the Stockholm School of Economics in 1992.
www.amazon.fr /Development-Geography-Economic-Theory-Krugman/dp/0262112035   (454 words)

 Economic Theory
One is often left with the impression that some theories are, shall we say "tailored to fit a circumstance--or set of circumstances." An explanation as it were.
While it is of vital importance for smaller countries, or less economically powerful countries to export and earn the necessary foreign funds to pay for their imports, this may not be the case with others with whom they trade.
In conclusion, global economic theory or a global economic strategy is not keeping pace with the global expansion of trade and the global movement of capital and capital structures.
www.economic-data.com /economic_theory.htm   (2563 words)

Modern economic thought emerged in the 17th and 18th centuries as the western world began its transformation from an agrarian to an industrial society.
Mercantilism was the economic philosophy adopted by merchants and statesmen during the 16th and 17th centuries.
Keynesian theory, with its emphasis on activist government policies to promote high employment, dominated economic policymaking in the early post-war period.
www.frbsf.org /publications/education/greateconomists/grtschls.html   (1415 words)

 Economic Base Theory
Economic Base Theory asserts that the means of strengthening and growing the local economy is to develop and enhance the basic sector.
Economic Base Theory also posits that the local economy is strongest when it develops those economic sectors that are not closely tied to the local economy.
Economic Base Theory provides a framework for understanding the local economy and points towards several techniques for analyzing the local economy.
garnet.acns.fsu.edu /~tchapin/urp5261/topics/econbase.htm   (1810 words)

 Economic/Social Theory and Comment
Economics needed some kind of theory or model to account for that, and technological growth was a good explanation.
Marxist Theory, the Globalisation of Port Development, and the Role of Labour - This paper seeks to 'rethink' the role of Marxist theory in providing a useful reference point from which to contemplate a number of issues pertaining to port development and the role of labour within it.
By "postmodern economics" Brandt thus implies all that is to be expected from an economics which is in service to a postmodern society; progress toward such an ecomonics must go hand-in-hand with the progress of postmodernism in general.
publish.uwo.ca /~mcdaniel/weblinks/spaceeconomy/econtheory.html   (8777 words)

 Commanding Heights : Keynesian Economic Theory | on PBS
The era that had nurtured classical economics had been destroyed by the first world war, and for Keynes the cataclysms since had demonstrated the tradition's inadequacies.
In one of the most famous passages of The General Theory, Keynes had written, "The power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas." There was nothing gradual, however, in the encroachment of Keynesianism or in its conquest of the commanding heights of economic thinking.
It was not until the 1970s that evidence began to accumulate in many countries that Keynes's theories, at least as implemented by Keynes's advocates after his death, might not perpetually yield the favorable outcomes Keynes himself had predicted.
www.pbs.org /wgbh/commandingheights/shared/minitext/ess_keynesiantheory.html   (782 words)

 Neoclassical economic theory   (Site not responding. Last check: 2007-11-02)
In many ways neoclassical (neoliberal) theory has become a tool for the dissemination of public policies and international agreements that reduce the role of government in shaping economic activities (including transactions) and promote the power of transnational firms in shaping these same economic activities.
In this sense, neoclassical economic theory is a weapon in the extension of a transnational firm-led globalization process.
Neoclassical theory has maintained its dominant position despite attacks upon its underlying assumptions from a wide range of perspectives and analyses, from the Cambridge critique and the work of Pierro Sraffa to the work of behavioral psychologists (who have demonstrated that human behavior is not in accordance with the neoclassical notion of rationality).
www.mtholyoke.edu /courses/sgabriel/neoclassical_theory.htm   (338 words)

 Economic Development
The entire theory of economic growth can be said to be geared towards it or even underlying it.
Nonetheless, "economic development", as it is now understood, really only started in the 1930s when, prompted by Colin Clark's 1939 quantitative study, economists began realizing that most of humankind did not live in an advanced capitalist economic system.
Early economic development theory was but merely an extension of conventional economic theory which equated "development" with growth and industrialization.
cepa.newschool.edu /het/schools/develop.htm   (1793 words)

 JET, Society for the Promotion of Economic Theory
The Society for the Promotion of Economic Theory
Its goal is to facilitate communication among researchers in theoretical economics.
Individual membership is open to any person engaged in bona fide research in economic theory, or in mathematics or computation relevant to economic theory, upon payment of annual dues.
www.nyu.edu /jet/spet.html   (130 words)

 Heterodox Economic Theory
Other heterodox theorists would reject neoclassical economic theory altogether, arguing that it is useless as a tool for understanding economic and social life.
Neoclassical economic theory is grounded in a particular conception of human psychology, agency or decision-making.
Economic theories that reject the basic assumption of economic decisions as the outcome of pleasure maximization are heterodox.
www.mtholyoke.edu /courses/sgabriel/heterodox_defined.htm   (340 words)

 Amazon.ca: Dynamic Economic Theory: Books: Michio Morishima   (Site not responding. Last check: 2007-11-02)
'Dynamic Economic Theory is largely a retrospective commentary on the development of this strand of economics over the last half-century.
It aims to develop multisector general equilibrium theory in the tradition of Hicks's Value and Capital, and extends the prototype model to accommodate the analysis of the monetary sector as well as production and consumption.
The stability of temporary equilibrium is examined for both linear and nonlinear cases along with the economic path that the theory generates.
www.amazon.ca /Dynamic-Economic-Theory-Michio-Morishima/dp/0521563240   (296 words)

 UCL/CORE - Economic Theory
Environmental economics: Transfrontier pollution and international negociations; Theory and simulation of economico-ecological models; Choice of economic instruments in environmental policy; Endogenous coalition formation; Cost-benefit analysis.
Economic foundations for the objectives of the firm.
The theory of incomplete markets: The role of money and monetary policy when asset markets are incomplete; General equilibrium with asymmetric information; Uncertainty and insurance in equilibrium models.
www.core.ucl.ac.be /research/core.ec.theory.html   (358 words)

 Economic Theory | Théorie économique | NEFAC   (Site not responding. Last check: 2007-11-02)
Some have described Participatory Economics (Parecon) an anarchist economy because of its principles of Self-Management and equity, which are intended to challenge hierarchy and other authoritarian apparatus.
As I see it, participatory economics (often abbreviated as parecon) is an attempt to specify the institutions of a new economic system in which class oppression no longer exists.
Participatory Economics (parecon) was proposed in two books (The Political Economy of Participatory Economics, and Looking Forward: Participatory Economics for the Twenty First Century) and has some support among anarchists and autonomists.
nefac.net /taxonomy/page/or/28   (1201 words)

 Ecological Economic Theory
Ecological economics is poised to play a leading role in the on-going effort to reconcile economic theory and policy with accepted knowledge from other disciplines.
By virtue of being the only heterodox school of economics focusing on both the human economy as a social system, and as one constrained by the biophysical world, ecological economics is poised to play a leading role in recasting the scope and method of economic science.
As such, this course helps establish a foundation in ecological economics to build from in subsequent problem-based courses at the University of Vermont, as well as fulfill a requirement toward a graduate certificate in ecological economics.
www.uvm.edu /~jdericks/courses/EETheory.html?tp=true   (464 words)

 Emotion and economic theory
As these researchers see it, current economic theory has a significant gap between its predictions and the measured data.
These gaps are at every scale you care to measure, from the day to day economic decisions made by individuals, through to the macroscopic performance of the world's largest economies.
However, it is fairly clear that neuroeconomics is shaking up thinking in the insular world of economic theory.
www.arstechnica.com /journals/science.ars/2006/10/9/5541   (548 words)

 Economic Theory | ISERP
Economic Theory workshop speakers present their current research on theoretical topics in microeconomics.
Abstract and mathematical work that lies between economics and other disciplines (e.g., biology, computer science, political science, psychology, and sociology) is also welcome.
The workshop is supported by the School of Business and the Department of Economics.
www.iserp.columbia.edu /workshops/economic_theory.html   (142 words)

 Economic Development Theory
The theory is intended as a direct counter to the Marxist stage theory of capitalist development.
The two-gap theory purports that investment and development are restricted by level of either domestic saving or import purchase capacity.
The vicious circle of poverty is perpetuated by the lack of capital.
people.cedarville.edu /employee/wheelerb/macro/ldc_theory/ecn_dev.html   (920 words)

 Research in Economics Theory
Bob Rothschild's work draws on concepts from game theory in order to analyse aspects of strategic behaviour amongst large firms.
Kaivanto's work draws on advances in decision theory and the economics of risk and uncertainty, which he builds upon to develop models of real and financial investment applications addressing the problems associated with valuing and financing RandD and innovation.
Steel's recent and current work work is on the periphery of the economics mainstream, covering such topics as: 'psychology, rationality and values';, 'psychology, social evolution and liberalism', 'critical realism and economics', and Hayek's capital and business cycle theory.
www.lums.lancs.ac.uk /Departments/Economics/research/econtheory   (197 words)

 International Journal of Economic Theory - Journal Information
It also publishes empirical and experimental analyses and mathematical techniques where there is strong relevance to economic theory.
International Journal of Economic Theory (IJET) is pleased to announce a new prize for young authors who have made an outstanding contribution to economic theory.
Each year, the McKenzie Prize recognizes an author of a paper published in that year in the International Journal of Economic Theory who is below or at the age of forty years old and who has made an outstanding contribution to economic theory.
www.blackwellpublishing.com /journal.asp?ref=1742-7355&site=1   (339 words)

 Department of Economics - Economic Theory Centre   (Site not responding. Last check: 2007-11-02)
The ETC encourages a wide range of research, from pure theory through to applied theory and experimental economics.
Since one of the objectives of the Centre is to encourage collaboration between theorists and researchers with complementary skills, we have not attempted in this bibliography to distinguish between pure theory and applied theory.
In Current trends in economics: Theory and applications: Proceedings of the Third International Meeting of the Society for the Advancement of Economic Theory, Antalya, Turkey, June 1997, edited by Ahmet Alkan, Charalambos D. Aliprantis and Nicholas C. Yannelis eds.
www.economics.unimelb.edu.au /dept/ETC/ETCReview.htm   (1518 words)

 EDIRC: Economic and Game Theory
University of Melbourne, Melbourne, Faculty of Economics and Commerce, Department of Economics, Centre for Microeconomics
Humboldt-Universität, Berlin, Wirtschaftswissenschaftliche Fakultät (Faculty of Economics), Institut für Wirtschaftstheorie I (Institute for Economic Theory I) Humboldt-Universität, Berlin, Wirtschaftswissenschaftliche Fakultät (Faculty of Economics), Institut für Wirtschaftstheorie II (Institute for Economic Theory II)
Humboldt-Universität, Berlin, Wirtschaftswissenschaftliche Fakultät (Faculty of Economics), Institut für Wirtschaftstheorie III (Institute for Economic Theory III)
edirc.repec.org /ectheory.html   (1680 words)

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